Beleave, Inc (BLEVF)

[BlueGreenPower]

Beleave really did get a good deal on their London greenhouse compared to what Harvest One just invested in a Hamilton greenhouse. They paid 6.5M in cash and shares to purchase just 52% in Greenbelt Greenhouse Ltd. Plus a bridge loan up to 3.5M for renovations. So 10M invested for 52% of a 152,000 sq ft greenhouse on 3.5 acres.

By comparison Beleave paid 6.7M for 100% ownership of a 250,000 sq ft Greenhouse on 85 acres with 15 outdoor acres already allocated to cultivation. Since both facilities need renovation that's a wash as far as comparisons go. Plus Harvest One hasn't even gotten approval from the city to grow in Hamilton.

Nothing against Harvest One. If they want to pay more for less to be in Hamilton fine with me. I like cannabis companies that pay less for more outside the big cities. London is only a short distance from Beleave's extraction facility for easy transport.

Big cannabis is throwing money around very foolishly, and shareholders foot the bill. Outdoor grow is the future for concentrates, and Beleave now has the room to rapidly expand in London. Good job Beleave.

Always IMHO GLTA

Article on the Harvest One investment. Beleave CEO comments included.

https://www.thespec.com/news-story/9284314-a-very-different-leafy-green-hamilton-salad-grower-switching-to-marijuana/